$FINV broke out of a consolidated major moving averages whipsaw before the start of the month, attaining a +29.44% rally in a span of 3 weeks. The current closing price of $FINV at $10 is a new 3 years high, 29% away from its IPO high ($12.91) in November 2017.
The breakout of its 52 weeks high at $10.38 will setup a pathway for $FINV garner stronger momentum and...
stage 2 likely (stan weinstein):
- above Weekly MA 30
- checks out with CRS (outperforming S&P500)
- volume increase
- 2 year old resistance/support line at ~6$ broken
- momentum bullish candles
Fundamentals check out:
strong EV / EBITDA
strong cash flow
entering $9.50 long
lower average if $7.80 is retested
This stock has steadily built a base off of the parabolic move in March, looks like it keeps testing downward resistance, is it finally breaking out? With some decent volume, it should test $9.78 soon
FINV retraced about 50% from it's major swing up before finding support around the 50% fib retracement level. There is also a horizontal support zone there 5.78 - 6.24, created from horizontal resistance turned support (apparent on wkly chart) and a large Gap up on 11 March (that is not being filled during this recent plunge)
Note that as a $6+ stock, it is a...
FINV has bounced off a strong support indicating some new highs. It may drop down to $4.30 so watch out for this, but this is still within the margin of pull back. Expectations for FINV is a +80% increase from current price. Stop loss $4.20.
Good luck.
$FINV can be bought on a break over Fridays high with an add over the red line @ 7.16, looking for a short 3-5 day swing, Objective is to get stop to break even asap on a breakout and let this rip to Wed-Thurs, Friday latest.
Reasons for interest,
Weekly Inside Bar
Weekly 618 level accumulation
Pin Bar on Day Ma
Building Higher lows, getting tight (triangle)...
FINV - Basically a Chinese Lending Club
I’ve been very skeptical to go into a Chinese stock but they have put a lot of effort in putting their information out there.
Leadership shows connections with Microsoft and other US Companies. CEO obtained a Graduate Degree from VMI and was Senior Director at Capital One
They have a full earnings presentation. They...
Contextual immersion trading strategy idea.
FinVolution Group, an investment holding company, operates in the online consumer finance industry in the People's Republic of China.
The demand for shares of the company looks higher than the supply.
This and other conditions can cause a rise in the share price in the next days.
So I opened a long position from...
Bullish Pennant (69%)
Pros:
Volume during post formation
Descending volume during triangle formation
PPS above 50MA and 200MA
RS above 0 and ascending
ATR Ascending
R/R ratio above 5
250RSI above 50 and ascending
200MA ascending
Target:
PT = 13.83$
Help how ever you can to keep this alive.
Thank you to those who have donated Coins!
Always do your own due...
I recently added FinVolution NYSE:FINV to my portfolio.
I wish I discovered this stock earlier, because in my opinion this stock has huge price potential. It is currently my largest holding in my portfolio.
The company is a Chinese fintech company with a historical revenue CAGR of around 20%.
The current P/E ratio is around 8/9, which makes this stock a bargain...
Bullish Pennant
Pros:
Descending volume during formation
PPS above 50MA and 200MA
RS above 0, and ascending
ATR Ascending
R/R ratio above 12, high
250RSI above 50
Cons:
200MA flat
Target:
PT = 13.23$
Thank you to those who donate Coins!
Stay Humble, have fun, make money!
